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Can a contract prohibit something that is legal?

https://lawadvocategroup.com/wp-content/uploads/2023/02/prohibit-something-that-is-legal.jpg Can a contract prohibit something that is legal? It is entirely possible to make and enforce a contract that forbids you from doing anything that is within your legal rights. One illustration would be a parent offering their child money
Posted in Business Law, General, Personal Law, Real Estate

What are the major requirements for a commercial mortgage?

commercial mortgage What are the major requirements for a commercial mortgage? Similar to typical mortgage loans, commercial mortgage loans let you borrow money to secure any land or property for a business rather than a residence. Additionally, you can use commercial mortgage
Posted in Business Law, Commercial Leasing, Finance

Is it legal to run a business in a residential property?

business in residential property Is it legal to run a business in a residential property? Running your business from home is a great way to reduce overhead costs while growing your business. But it’s important to ensure you are doing so within the confines
Posted in Business Law

How is “in default” different from a breach in contract law?

breach in contract law How is “in default” different from a breach in contract law? There isn’t much of a difference between a breach of contract and a default in general legal terminology. Both signify that one of the parties has breached his contractual
Posted in Business Law, Real Estate

When can a tenant break a rental lease?

tenant break a rental lease When can a tenant break a rental lease? While a lease is a legally binding contract, there are many legitimate reasons for a lease to be broken. In the following circumstances, you might be entitled to vacate the property legally
Posted in Business Law, Commercial Leasing, Real Estate

What is the best way to finance a Commercial Property?

What is the best way to finance a Commercial Property? Conventional Loan: A mortgage given by a bank, credit union, or other traditional financial institution that is backed by the first lien position on the asset being funded. Any sort
Posted in Business Law, Real Estate

What are the basic laws on Commercial Real Estate?

Commercial Real Estate What are the basic laws on Commercial Real Estate? Tenant and landlord laws The purpose of California landlord-tenant legislation is to safeguard both parties’ rights in any renting or lease agreement. These laws define the relationship between the owner of
Posted in Business Law, Real Estate

What are the legal ways of acquiring a property?

acquiring a property What are the legal ways of acquiring a property? Possession Possession refers to having physical control over something. There are two types of possession Possession in fact: This is a physical possession. It is a tangible connection to something. Possession
Posted in Business Law, Corporate Law, Real Estate

What are the major laws relating to Commercial Real Estate?

Commercial-Real-Estate What are the major laws relating to Commercial Real Estate? Commercial real estate law can be complex with the number of laws that are currently on the books for federal, state, and municipal legislation. A lawyer is necessary to work
Posted in Business Law, Real Estate

What is the type of monetary damage for breaching contracts?

breaching-contracts What is the type of monetary damage for breaching contracts? Compensation for harms Compensatory damages are the most typical kind of financial compensation sought in claims for contract breaches. The breaching party will be required to pay the non-breaching party
Posted in Business Law, Corporate Law
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